Schwab to Acquire Forge Global in $660 Million All‑Cash Deal, Accelerating the Race to Retail Access for Private Shares (Nov. 6, 2025)
Charles Schwab will acquire Forge Global for $660 million in cash, or $45 per share, a 72% premium to Forge’s last close. Both boards approved the deal, with closing expected in the first half of 2026 pending regulatory and shareholder approvals. Forge’s top shareholders, Motive Capital and Deutsche Börse, have agreed to support the transaction. Forge shares surged in premarket trading after the announcement.